USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CHF and closed at 0.9612.
Losses in Swiss Franc were kept in check, after Switzerland’s GDP grew 0.6% on a quarterly basis in 4Q 2014, higher than market expectations for a 0.3% rise. The nation’s economy had advanced by a revised 0.7% in the previous quarter.
In the Asian session, at GMT0400, the pair is trading at 0.9611, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 0.9572, and a fall through could take it to the next support level of 0.9534. The pair is expected to find its first resistance at 0.9634, and a rise through could take it to the next resistance level of 0.9658.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
